what was the impact of great depression on post war economy ?
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Economic impact. The most devastating impact of the Great Depression was human suffering. In a short period of time, world output and standards of living dropped precipitously. As much as one-fourth of the labour force in industrialized countries was unable to find work in the early 1930s.
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The depression further increased unemployment and put the welfare state under great strain. German unemployment, which had reached 30 percent in 1932, fell to 2 percent in 1938. While these problems plagued the industrial sector, the agricultural sector experienced its own bitter fate during the Depression.
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